SourceDay logo

SourceDay

by SourceDay · Since 2013
No reviews yet
ActiveAvailable globallyCloud
Quick facts
VendorSourceDay
Year launched2013
StatusActive
Location9737 Great Hills Trail Suite 100, Austin, TX, United States, 78759
Countries servedGlobal
Languages1
IntegrationsN/A
Free tierNO
Free trialNO
Contact salesYES

About SourceDay

SourceDay is a supplier collaboration platform that automates purchase order (PO) management.

SourceDay is an AI-powered purchase order (PO) collaboration and supplier portal platform that helps manufacturers and distributors improve supply chain visibility by keeping buyers, suppliers, and ERP systems synchronized in real time. Its primary purpose is to automate the purchase order lifecycle, enabling organizations to manage changes to delivery dates, pricing, quantities, and supplier communications while reducing supply chain disruptions. Key features include PO collaboration, supplier and item performance tracking, AI agents, workflow automation, supplier scorecards, shipment visibility, request-for-quote capabilities, and extensive ERP integrations with more than 500 ERP systems through API and EDI connections. The platform provides an intuitive web-based supplier portal with interactive email functionality, localized support, and centralized management of multiple customer accounts, encouraging high supplier adoption. Users consistently praise SourceDay for improving supplier on-time delivery, reducing inventory levels, accelerating PO-to-invoice reconciliation, and providing an organized, user-friendly interface backed by responsive customer support. Some users note that achieving the greatest benefits depends on broad supplier participation and successful integration with existing procurement and ERP workflows.

Pros & Cons

Pros
  • Automates the entire purchase order lifecycle, reducing manual work for procurement teams.
  • Provides a centralized portal for real-time collaboration between buyers and suppliers.
  • Integrates with numerous major ERP systems, ensuring data synchronization.
  • Uses AI agents to proactively manage tasks and identify potential supply chain risks.
  • Offers detailed supplier and item performance analytics to inform decision-making.
Cons
  • Pricing is not publicly available and requires a sales demo.
  • The platform is focused on direct material procurement, which may not suit all purchasing needs.

Features

Key features

Purchase Order Automation

Automates the PO lifecycle, including creation, updates, and communication between buyers and suppliers.

Supplier Collaboration Portal

Provides a centralized platform for buyers and suppliers to communicate and manage orders in real-time.

ERP Integration

Connects directly with major ERP systems to ensure data consistency and eliminate manual data entry.

AI Agents

Employs AI to automate tasks like chasing order acknowledgments, delivering updates, and flagging high-risk orders.

Supplier Performance Management

Tracks and scores supplier on-time delivery and responsiveness to provide actionable insights.

Shipment Visibility

Offers tracking and visibility into inbound inventory to proactively manage deliveries.

Request For Quote (RFQ) Management

Streamlines the process of sending RFQs, comparing bids from multiple vendors, and awarding business.

Additional features

Item Performance Tracking

Monitors the performance and risk associated with individual items in the supply chain.

Automated PO Change Management

Applies rule-based logic to automatically accept or reject low-risk PO change requests from suppliers.

Supplier Activation

Includes tools and services to onboard suppliers onto the platform, aiming for high adoption rates.

Blind Spot Detector

An AI agent that analyzes historical data and order patterns to identify and flag orders with elevated risk.

Planning Risk Detector

Compares planning assumptions in the ERP against actual supplier performance to identify and correct inaccurate data.

Real-time PO Collaboration

Enables direct communication and updates on purchase orders within the platform, creating a clear audit trail.

Multiple Supplier Account Management

Enables suppliers to manage multiple customer accounts from a single unified workspace.

Multi-Channel Connectivity (API & EDI)

Offers flexible integration options, including direct API connections, EDI, and web interfaces.

Shipment Visibility & Tracking

Tracks inbound materials and shipments to anticipate arrival dates and align production schedules.

Request for Quote (RFQ) Management

Streamlines the RFQ submission, collection, and vendor selection process.

Automated PO-to-Invoice Reconciliation

Speeds up three-way matching and invoice reconciliation processes for finance teams.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
1
Interface languages
1
Billing currencies

Interface languages

English

Billing currencies

🇺🇸USD

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